Morgan Stanley's head of digital asset markets says DeFi is poised to keep its momentum in 2021
December 18, 2020, 12:23PM EST
1 min read
Morgan Stanley's head of digital asset markets says decentralized finance (DeFi) isn't going away in the coming year.
For now, Morgan Stanley has noted the so-called explosion of DeFi, according to Andrew Peel.
"I would say an evolution of this current momentum in terms of significant interest in the topic will continue through 2021," he said during The Block's Developing a Digital Asset Strategy panel.
Perhaps it'll move so quickly, he quipped, that the space will run out of food-based names next year. Regardless, he said the evolving technology will likely be applied to more traditional settings in the next two years.
"I think some of the technology from this DeFi phase will certainly be utilized in some more regulated way throughout 2021 towards 2022," he said.
He touted the programmable features of the technology as a way to rethink digital financial infrastructure, but did not specify which areas he sees DeFi disrupting in the coming years.
Recently Huobi Wallet has made waves around the industry for launching HClaimer, a new feature that enables users to collect their staking rewards from multiple DeFi projects through just one easy click.
Brazil-based BTG Pactual, Latin America’s biggest investment bank, is launching its own crypto asset platform that will initially support bitcoin and ether trading. The platform will be called Mynt and allow customers to purchase bitcoin and ether, BTG Pactual’s Head of Digital Assets André Portilho tells The Block. Eventually, the platform will support other digital […]
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.